Book His Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.80 per machine-hour was based on a cost formula that estimates $254,800 of total manufacturing overhead for an estimated activity level of 91,000 machine-hours. Required: 1. Assume that during the year the company works only 86,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts 2A Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Req2A Req 201 Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. Manufacturing Overhead Work in Process Debit Credit Debit Maintenance) 32.000 (a) (Indirect materials) 9.100 (Direct materials) (Direct labor) 820,000 101,000 (Indirect laber) 92.000 (Overhead) (a) (Uses) 43.000 Insurance 0.100 (Depreciation) 60.000 Balance Req 2A > Credit